FINANCIAL INSTRUMENTS FOR SUPPORTING CLUSTER’S EXPORT ACTIVITIES

This study examines the role of clusters as key drivers of economic growth, industrial competitiveness, and innovation in the modern global economy. The research highlights the transition from traditional industry based economic structures to network-based management systems, emphasizing the significance of clusters in fostering cooperation between businesses, scientific institutions, and the state. The paper proposes a hypothesis on the effectiveness of long-term concessional loans, funded through extrabudgetary state resources, in stimulating cluster development. It is expected that such financial support will enhance production capacity, facilitate technological modernization, and expand export potential by reducing financial barriers. Additionally, state support for cluster export activities is recognized as a widely adopted trade policy instrument that strengthens national industry and global market integration. The study concludes that implementing targeted financial mechanisms, improving export infrastructure, and investing in human capital will enhance the strategic role of clusters in ensuring long-term economic sustainability and innovation-driven growth.

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